Report: Trump Nears Settlement in Trump University Lawsuit

President-elect Donald Trump is nearing a settlement in the Trump University fraud lawsuits in New York and California, CNBC reported on Friday, citing an unidentified source.

Lawyers for the president-elect are squaring off against students who claim they were they were lured by false promises to pay up to $35,000 to learn Trump's real estate investing "secrets" from his "hand-picked" instructors.